How is it named? Amazon!!! History of the name!
Amazon’s name was chosen by its founder, Jeff Bezos, during the early days of the company. Bezos wanted a name that started with the letter “A” to take advantage of alphabetical listings and convey a sense of being at the forefront. He wanted a name that was exotic, different, and reflected something vast and awe-inspiring.
The name “Amazon” was inspired by the Amazon River, the largest river in the world by discharge volume. Bezos reportedly chose this name because he envisioned his online store as a place with a wide variety of products, just as the Amazon River has a wide range of biodiversity. The name also reflected his ambitious goal of making Amazon.com the biggest and most diverse online store.
The name “Amazon” also has a certain uniqueness to it, making it memorable and distinct. While the initial focus of the company was on books, Bezos intended for Amazon to eventually offer a vast selection of products, much like the diverse ecosystem found in the Amazon rainforest.
So, the name “Amazon” was chosen as a metaphor for the company’s ambitious goals and its intention to provide an extensive and diverse range of products and services.
Amazon history and revolution
Amazon have more detailed history of Amazon from its foundation to the present:
1. **Foundation (1994-1995):**
Amazon was founded by Jeff Bezos in July 1994, initially as an online bookstore. The company’s focus was on providing a wide selection of books at competitive prices.
2. **Diversification (1996-1999):**
In 1996, Amazon expanded its offerings to include music and videos. The company went public in 1997, raising funds to support its growth. Throughout the late 1990s, Amazon expanded its product categories, offering electronics, toys, and more.
3. **Dot-com Bubble (2000-2002):**
Amazon faced challenges during the dot-com bubble burst, as many internet companies struggled. Despite losses, Amazon survived and continued to expand its product lines.
4. **Amazon Web Services (2006):**
Amazon launched Amazon Web Services (AWS), a cloud computing platform, in 2006. AWS eventually became a significant revenue source and a leader in the cloud computing industry.
5. **Kindle and Digital Content (2007-2011):**
Amazon introduced the Kindle e-reader in 2007, revolutionizing the e-book market. The Kindle’s success led to the expansion of Amazon’s digital content offerings, including e-books, music, and movies.
6. **Amazon Prime (2005-2013):**
Amazon Prime, introduced in 2005, offered subscribers fast shipping and access to streaming media. It became a key driver of customer loyalty and contributed to Amazon’s growth.
7. **Acquisitions and Innovations (2014-2018):**
Amazon acquired Whole Foods Market in 2017, marking its entry into the brick-and-mortar grocery industry. The company continued to innovate with products like the Amazon Echo and Alexa voice assistant.
8. **Global Expansion (2019-Present):**
Amazon continued its international expansion, establishing a presence in new markets and regions. The company also faced increased scrutiny over its market dominance and treatment of workers.
9. **Pandemic Surge (2020):**
The COVID-19 pandemic led to a surge in online shopping, benefiting Amazon’s e-commerce platform. However, the company also faced criticism for worker safety concerns during the pandemic.
10. **Ongoing Growth and Controversies (2021-Present):**
Amazon’s growth continued across various sectors, including e-commerce, cloud services, and entertainment. The company faced ongoing controversies related to antitrust concerns, treatment of workers, and environmental impact.
Throughout its history, Amazon has evolved from an online bookstore into a global conglomerate with diverse businesses, influencing industries such as retail, technology, and entertainment. Its founder, Jeff Bezos, stepped down as CEO in 2021, with Andy Jassy taking over the role. As of my last update in September 2021, this is the latest information available.
